240 State License Exam-Questions Solved 100%
Correct| Newest 2025|Verified Solutions
Richard owns an insurance policy that is renewable only at the option of the insurance
company. His policy is considered to be
A. Conditionally renewable
B. Guaranteed Renewable
C. Cancelable
D. Optionally Renewable - ✔✔D. Optionally Renewable
A Medicare supplement basic benefit is
A. term life insurance
B. disability income
C. Respite care
D. the first 3 pints of blood per year - ✔✔D. the first 3 pints of blood per year
Tyler purchased a disability policy with a waiver of premium rider on April 1. He is
disabled on May 1. On June 1, he receives proof of permanent and total disability, and
submits a claim. He begins receiving benefits on June 15. When are his premiums
waived?
A. June 15
B. April 1
C. May 1
,D. June 1 - ✔✔C. May 1
What do families pay that are covered by the Florida Healthy Kids Corporation?
A. the first initial premium
B. full premium
C. Nothing
D. A portion of the premium - ✔✔D. A portion of the premium
Low frequency diseases can be exclusively covered by what kind of health insurance
policies?
A. Employer policies
B. Limited policies
C. Blanket policies
D. Restricted policies - ✔✔B. Limited policies
Which of the following is NOT an example of utilized review?
A. monitoring length of hospital stay
B. Ongoing inspection of accident prone individuals
C. Monitoring the appropriateness of care
D. Setting a hospital release date for a patient - ✔✔B. Ongoing inspection of accident
prone individuals
In what year was the Florida Office of Financial Regulation (OFR) created?
,A. 1993
B. 2003
C. 1983
D. 2013 - ✔✔B. 2003
Under a contract of adhesion,
A. only one party makes any kind of enforceable promise
B. The terms must be accepted or rejected in full
C. There is the potential for an unequal exchange of value
D. the insurer's obligations are dependent upon certain acts of the insured individual -
✔✔B. The terms must be accepted or rejected in full
During the application process, the agent's primary responsibility is to
A. the applicant
B. The insurance company
C. The Department of Financial Services
D. the State of Florida - ✔✔B. The insurance company
An indemnity plan
A. pays both the insured and health care provider
B. Pays the health care provider directly for services rendered
C. is typically issued as a group plan
, D. Provides the insured a specific dollar amount for services - ✔✔D. Provides the
insured a specific dollar amount for services
The Department of Financial Services serves as the receiver of any insurer placed into:
A. Bankruptcy
B. Foreclosure
C. Indebtedness
D. Recievership - ✔✔D. Receivership
A clause that allows an insurer the right to terminate coverage at any anniversary date is
called a(n)
A. Conditionally renewability clause
B. Optional renewability clause
C. Selective Renewability Clause
D. Cancelable Clause - ✔✔B. Optional renewability clause
Which of the following statements is TRUE about Medicaid?
A. Coverage includes compulsory hospital and voluntary supplementary medical
insurance
B. It is administered by the federal government
C. It is health insurance for the elderly
D. It is funded by federal, state, and local taxes - ✔✔D. It is funded by federal, state,
and local taxes
Correct| Newest 2025|Verified Solutions
Richard owns an insurance policy that is renewable only at the option of the insurance
company. His policy is considered to be
A. Conditionally renewable
B. Guaranteed Renewable
C. Cancelable
D. Optionally Renewable - ✔✔D. Optionally Renewable
A Medicare supplement basic benefit is
A. term life insurance
B. disability income
C. Respite care
D. the first 3 pints of blood per year - ✔✔D. the first 3 pints of blood per year
Tyler purchased a disability policy with a waiver of premium rider on April 1. He is
disabled on May 1. On June 1, he receives proof of permanent and total disability, and
submits a claim. He begins receiving benefits on June 15. When are his premiums
waived?
A. June 15
B. April 1
C. May 1
,D. June 1 - ✔✔C. May 1
What do families pay that are covered by the Florida Healthy Kids Corporation?
A. the first initial premium
B. full premium
C. Nothing
D. A portion of the premium - ✔✔D. A portion of the premium
Low frequency diseases can be exclusively covered by what kind of health insurance
policies?
A. Employer policies
B. Limited policies
C. Blanket policies
D. Restricted policies - ✔✔B. Limited policies
Which of the following is NOT an example of utilized review?
A. monitoring length of hospital stay
B. Ongoing inspection of accident prone individuals
C. Monitoring the appropriateness of care
D. Setting a hospital release date for a patient - ✔✔B. Ongoing inspection of accident
prone individuals
In what year was the Florida Office of Financial Regulation (OFR) created?
,A. 1993
B. 2003
C. 1983
D. 2013 - ✔✔B. 2003
Under a contract of adhesion,
A. only one party makes any kind of enforceable promise
B. The terms must be accepted or rejected in full
C. There is the potential for an unequal exchange of value
D. the insurer's obligations are dependent upon certain acts of the insured individual -
✔✔B. The terms must be accepted or rejected in full
During the application process, the agent's primary responsibility is to
A. the applicant
B. The insurance company
C. The Department of Financial Services
D. the State of Florida - ✔✔B. The insurance company
An indemnity plan
A. pays both the insured and health care provider
B. Pays the health care provider directly for services rendered
C. is typically issued as a group plan
, D. Provides the insured a specific dollar amount for services - ✔✔D. Provides the
insured a specific dollar amount for services
The Department of Financial Services serves as the receiver of any insurer placed into:
A. Bankruptcy
B. Foreclosure
C. Indebtedness
D. Recievership - ✔✔D. Receivership
A clause that allows an insurer the right to terminate coverage at any anniversary date is
called a(n)
A. Conditionally renewability clause
B. Optional renewability clause
C. Selective Renewability Clause
D. Cancelable Clause - ✔✔B. Optional renewability clause
Which of the following statements is TRUE about Medicaid?
A. Coverage includes compulsory hospital and voluntary supplementary medical
insurance
B. It is administered by the federal government
C. It is health insurance for the elderly
D. It is funded by federal, state, and local taxes - ✔✔D. It is funded by federal, state,
and local taxes
